Energy Audits

Energy audits are becoming a standard survey of any Real Estate or Corporate M&A deal. Investment grade energy audits can help identify how a building or company currently uses energy and where inefficiencies may exist. By identifying what upgrades may be necessary to bring the asset to up standard - such as building fabric, replacement heating systems, renewable energy etc. – you can understand the risks and CAPEX implications early in the transaction process.  

We help UK companies comply with ESOS energy audits, action plans, and progress updates. The Energy Savings Opportunity Scheme (ESOS) requires all large UK entities to conduct energy audits of its business operations once every four years; and report on energy savings actions annually.

The qualification criteria for large undertakings are as follows:

• Greater than 250 employees
• Turnover exceeding £44.1m AND a balance sheet exceeding £37.9m; or
• Part of any corporate group that contains at least one ‘large’ company as defined above.

ESOS Phase 4 has begun and all large companies have until December 2027 to conduct a representative sample of energy audits across buildings, transport, and processes. 

ESOS Action Plans and Progress Updates are required to be completed annually, prior to the 5th December. These action plans state which energy saving actions you intend to do over a 3 year period, and the progress updates validate what actions you have completed, and the actual energy savings achieved.